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Exposing the procurement of inventory to place on feed, in a projected negative margin, is not believed a foretelling event for a higher or lower price.
Live cattle futures are trading steady to 25 cents lower so far on Tuesday. Cash trade was stronger last week, as most of the country was $230. Feeder cattle futures are up $2 to $3.10 so far on Tuesday....
Lean hog futures are trading with 75 to 90 cent gains in the nearbys on Tuesday. USDA’s national base hog price was down $3.09 in the Tuesday morning report at $69.91. The CME Lean Hog Index was up 19...
March feeder cattle futures present a buying opportunity on more price strength.
Live cattle futures saw gains at the Monday close, with contracts up 62 cents to $1.02. Open interest was up just 846 contracts on Monday. Cash trade was stronger last week, as most of the country was...
Lean hog futures close the Monday session with losses of 40 to 67 cents, as contracts pulled off their early lows. Open intertest suggested long liquidation, dropping 2,618 contracts. USDA’s national...
Lean hog futures close the Monday session with losses of 40 to 67 cents, as contracts pulled off their early lows. USDA’s national base hog price was up $1.40 in the Monday afternoon report at $72.68....
Live cattle futures saw gains at the Monday close, with contracts up 62 cents to $1.02. Cash trade was stronger last week, as most of the country was $230. A few sales in the north reached $234. Feeder...
Oliver Sloup on Markets on the Move: Grain markets saw some chart damage on Friday which led to additional weakness to start this week’s trade. Where’s the support? Tune in for more.
